When it comes to investing, Berkshire Hathaway CEO Warren Buffett follows a few guidelines: He buys companies that he understands and that have long-term value.
— Read on www.cnbc.com/2019/06/20/how-warren-buffett-decides-what-to-invest-in.html
Rate-cut euphoria elevates S&P 500 to record high – Reuters
The S&P 500 hit a record high on Thursday, lifted by Wall Street’s expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.
— Read on www.reuters.com/article/us-usa-stocks/rate-cut-euphoria-elevates-sp-500-to-record-high-idUSKCN1TL1CY
Inflation drop may be at core of case for Fed rate cuts – Reuters
June 2018 was a blue-sky month for the Federal Reserve, with strong economic growth, low unemployment, and inflation expected to top the U.S. central bank’s 2% target for the year – smooth sailing for an interest rate hike then and two more over the following six months.
— Read on www.reuters.com/article/us-usa-fed-inflation/inflation-drop-may-be-at-core-of-case-for-fed-rate-cuts-idUSKCN1TL2PY
RRSP and TFSA Investors: 2 Top Dividend Stock to Help You Retire Rich
Royal Bank of Canada (TSX:RY)(NYSE:RY) and a top Canadian telecom stock deserve to be on your TFSA and RRSP radars today.
— Read on www.msn.com/en-ca/money/savingandinvesting/rrsp-and-tfsa-investors-2-top-dividend-stock-to-help-you-retire-rich/ar-AAD9UIB
6 things we’re still wondering about Libra, Facebook’s new cryptocurrency coming in 2020
Libra, a new cryptocurrency created in part by Facebook, isn’t launching until 2020, and there are still a few unanswered questions.
— Read on www.msn.com/en-ca/money/topstories/6-things-were-still-wondering-about-libra-facebooks-new-cryptocurrency-coming-in-2020/ss-AAD9Atu
Canadian ‘inflation is back’ as rate rises most since October – BNN Bloomberg
Canadian ‘inflation is back’ as rate rises most since October – BNN Bloomberg
— Read on www.bnnbloomberg.ca/canadian-inflation-is-back-as-rate-rises-most-since-october-1.1275380
Trans Mountain approval sharpens indigenous Canadian divide – BNN Bloomberg
Trans Mountain approval sharpens indigenous Canadian divide – BNN Bloomberg
— Read on www.bnnbloomberg.ca/trans-mountain-approval-sharpens-indigenous-canadian-divide-1.1275314
Jim O’Neill: China could globalize the yuan to challenge USD dominance
Former Chairman of Goldman Sachs Asset Management, Jim O’Neill, said China could use its currency to gain an edge over the U.S. — but not by devaluing the yuan.
— Read on www.cnbc.com/2019/06/20/jim-oneill-china-could-globalize-the-yuan-to-challenge-usd-dominance.html
Traders are pricing in a 100% chance of at least one Fed rate cut in July
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.
— Read on www.cnbc.com/2019/06/19/traders-are-pricing-in-a-100percent-chance-of-at-least-one-fed-rate-cut-in-july.html
Federal Reserve dot plot June 2019: No rate cut expected until 2020
The Federal Open Market Committee’s quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.
— Read on www.cnbc.com/2019/06/19/federal-reserve-dot-plot-june-2019.html